Regions Financial Q2 Profit Down - Quick Facts

(RTTNews) - Regions Financial Corp. (RF) reported second-quarter net income available to common shareholders of $259 million, down from $284 million in the second quarter of the prior year. Reported earnings available to common shareholders per share for the latest-quarter was $0.18. During the second quarter the company executed several liability management activities that reduced diluted earnings per share by $0.03.

Pre-tax pre-provision income from continuing operations for the latest-quarter totaled $421 million, which included $56 million in costs associated with the early termination of certain debt. Pre-tax pre-provision income from continuing operations for the prior year quarter was $503 million.

Adjusted pre-tax pre-provision income from continuing operations slip to $469 million from $486 million last year.

Total revenues for the quarter declined to $1.305 billion from $1.345 billion in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share and revenues of $1.31 billion for the quarter.